If Ethereum drops below $3,000, the mainstream CEX long liquidation volume will reach $693 million

BlockBeats News, January 20th, according to Coinglass data, if Ethereum falls below $3000, the cumulative long liquidation intensity of major CEXs will reach $693 million.

Conversely, if Ethereum breaks above $3200, the cumulative short liquidation intensity of major CEXs will reach $1.02 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade.